LONDON, Sept 5 (Reuters) - Britain’s Dixons Carphone on Thursday reported another big fall in mobile phone sales in its latest quarter, though it maintained its financial guidance for the full 2019-20 year.
The group, which trades as Currys, PC World and Carphone Warehouse in the UK, said like-for-like sales in its UK & Ireland mobile phones division fell 10% in the 13 weeks to July 27, its fiscal first quarter.
Dixons Carphone has been hurt by a shift in the mobile phone market as customers keep their handsets for longer, choose cheaper SIM-only deals, and turn to more flexible credit-based offers. (Reporting by James Davey, Editing by Paul Sandle)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.